EUR
Economy, Euro Zone Woes Fuel Safety Bid For Bonds
…UBS in Stamford, Conn. Fears over slowing global growth, in tandem with the still-unresolved turmoil in the euro zone, have led investors to flood safe havens that in some cases have been unable to cope. The Swiss National Bank last week announced a shock…
Mid-Day Report: Euro Retreats on Risk Aversions and Weakness in Global Stock Markets
…size of the EFSF (eurozone rescue fund) and ECB’s bond buying program was also seen pressuring the single currency. Euro dropped sharply from intra-day high of 1.4432 to as low as 1.4151, some bids at 1.4250 were absorbed but buying interest is still seen…
Euro Suffers Brunt Of Massive High-Yield Currency Selloff
…YORK (Dow Jones)–It was the euro, not the dollar, that bore the brunt of Standard & Poor’s downgrade of the U.S. credit rating to double-A-plus Monday. Rattled traders ran to the Swiss franc and the yen, abandoning riskier currencies more closely tied to…
Gold and Silver Higher as ECB Intervenes in Markets – Currency and Euro Debasement Accelerates
…now being infected by the peripheral European countries. The electronic creation of hundreds of billions of euros to bail out bankrupt countries is currency debasement which has a long history of not working out to well. What is needed is debt forgiveness…
Euro stocks pounded amid US debt fears
…countries’ ability to keep tapping bond markets contributed to the turmoil in global markets. Traders said the European Central Bank spent around two billion euros ($A2.77 billion), and the yield on Italy’s ten-year bonds fell 0.70 percentage point to 5.30…
Market at year low as Euro turmoil hits stock
…had suffered falls of more than 100 points for four sessions in a row. The losses came despite a decision by the European Central Bank to buy Spanish and Italian debt. It was hoped buying bonds in the economies would instil confidence in the debt-stricken…
How far will Berlin go to save the euro?
…is desperate to hand over the baton. That’s understandable. Intervention in the bond markets to protect the eurozone is a political act, even when it is dressed up as an extension of normal monetary policy. It would be better if elected officials, rather than…
Rupee weakens as markets eye euro-dollar
…The weaker rupee cheered exporters, particularly IT companies, who fear a further strengthening of the local currency. Bond market dealers said that one of the reason for the dollar to gain was concerted action by policy makers. Central bank governors and…
Euro-Zone Leaders Need More Than Just Rhetoric
…Paul Hannon The European Central Bank’s decision to extend its bond-purchase program to Spain and Italy may buy the euro zone some time, but it can’t bring the currency area’s fiscal crisis to an end.The fundamental problem remains political. Investors have…
FOREX-Swiss franc, yen jump on U.S. downgrade, euro debt fears
…for QE3,” said Keith Springer, president of Springer Financial Advisors in Sacramento, California. The euro slumped to a record low of 1.0640 Swiss francs EURCHF=EBS and last traded down 2.3 percent at 1.07220. It also lost 2 percent versus the yen EURJPY=R. …
Swiss franc, yen soar on U.S. downgrade, Euro uncertainty
…volumes about the currency market’s fear of the euro zone credit crisis,” said Boris Schlossberg, director of currency research at GFT in New York. “Today’s price action is shaping up as a battle of confidence between central banks and the bond vigilantes…
US dollar, euro hit new low against Swiss franc
…after falling over 2 percent. In recent months, the euro has been hobbled against the Swiss franc by worries over Europe’s debt crisis, which have recently centered on Italy and Spain. The franc’s continued strength further dented the shares of a number of…
Dollar, Euro Up
The dollar closed stronger in trading against the shekel Monday. The dollar was up 0.909%, at NIS 3.552. The euro was up 1.826%, at NIS 5.0698.
Europe Needs to Print Money to Save the Euro Currency
…eurozone is rapidly running out of choices. If the currency is to be saved, Europe will need a single fiscal authority and a willingness to print money. With each passing day, markets seem to get wilder and woollier.
Euro pares losses against US dollar, rises above $1.42
…”Stocks stopped plunging and then we saw a little bit of a rebound in currencies,” said Brian Dolan, chief currency strategist at Forex.com in Bedminster, New Jersey. “The euro between $1.4050 and $1.4150 is the support zone,” he said. We welcome comments…
ECB Purchases Italian and Spanish Debt, No Help for Euro
…ECB (European Central Bank) implemented its ‘bond-buying program’ for the Italian and Spanish debt, but it did little to help the Euro curb its downfall this morning. The Euro went to the 1.4400 high this morning against the U.S dollar and then plunged to…
Italian and Spanish Yields Ease, But Euro Slumps on Germany’s Comments on EFSF
…from German government spokesman that there isn’t going to be an increase in the size of the EFSF and news Italian banks sharply increased borrowing from ECB in July all weighed on the single currency. As we can see from the above hourly chart, the EUR/USD…
QE Landing in Europe – Is the Euro Headed South?
…analysis, technical analysis, forex software posts, insights about the forex industry and whatever is related to Forex. At last, the intervention of the ECB in the bond markets is serious. So serious, that doubts arise about the ability of the ECB to…
ECB backs Italy, Spain in bid to halt euro crisis
…along similar lines followed shortly after European markets opened. The Japanese intervened to restrain their currency last week while the Swiss National Bank surprised with a new round of easing as it fought a rapidly rising franc. Pressure is now growing…
Euro Tests Resistance At 1.44!
The immediate reaction at the open of the currency markets yesterday was to sell US dollars in response to the S&P downgrade of US credit. This proved to be short-lived, however as this induced risk aversion which prompted teh flight to safety trade which, ironically, means buying US dollars. In addition to this counter-intuitive logic, [...]
